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Last Post: 1/21/2018 11:24:36 PM - Followers: 1584 - Board type: Free - Posts Today: 0

WMI Holdings Corp and WMI Liquidating Trust iHub Message Board   

On September 26, 2008, Washington Mutual, Inc. filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code in the Bankruptcy Court for the District of Delaware. After a 3 ½ year bankruptcy proceeding, we emerged from bankruptcy on March 19, 2012 with a new board of directors and certain new officers. At that time we also changed our corporate name to WMI Holdings Corp. and we are the successor to Washington Mutual, Inc. We currently operate a single business through our wholly owned subsidiary, WM Mortgage Reinsurance Company, Inc., a Hawaii corporation, whose sole activity is the reinsurance of mortgage insurance policies that is operated in runoff mode.

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About Washington Mutual Inc.

As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929.  WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007.  As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards.  The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved.  WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs).  As the US economy slowed down, the number of home loan defaults began to rise in quick succession.  This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them.  In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.

By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier.  Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board.  In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC.  Overnight the companies banking division  was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. 


AMENDED PURCHASE AND ASSUMPTION AGREEMENT - Settlement Extension to September 30, 2010

A list of common acronyms: 

A/L = Assets / Liabilities

JPMC/JPIG = JP Morgan Chase 

WMILT = WMI Liquidating Trust

JD = Jamie Dimon / Jack Daniels

ESC = Escrow

LBO = Leveraged Buyout

BOD = Board of Directors

GSA = Global Settlement Agreement

DD = Due Dilligence

NOL = Net Operating Loss - Appears to be AWOL

RON'S = Runoff Notes

DS = Disclosure Statement

EC = Equity Committee

PM = Pre-Market / Private Message

EOD = End of Day

SJ = Summary Judgement

EOM = End of Message

TIA = Thanks in Advance

EOW = End of Week

THJMFW = The Honorable Judge Mary F. Walrath

SPAC = Special Purpose Acquisition Company

 M/A = Mergers & Acquisitions

GLTY = Good Luck to You

PS = Pink Sock

GLTA = Good Luck to All

PPS = Price Per Share

HOD = High of Day

BR = Brian Rosen

IMO = In My Opinion

SS = Steve Susman

 = BR WAG = Wild Ass Guess
SPAV = Special Acquisition Vehicle MOR = Monthly Operating Report
KKR = Kohlberg Kravis Roberts SIP =Strategic Investment Partner


Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc.

WMIH: Here's how old shares relate in value to the new shares.

1 WAMUQ = 0.03349842 WMIH
1 WAMKQ = 0.4950146 WMIH
1 WAMPQ = 19.8005825 WMIH
1 WMIH = 29.85215422 WAMUQ
1 WMIH = 2.020142436 WAMKQ
1 WMIH = 0.050503565 WAMPQ
WMI Equity Escrow Calculator

Mar 24, 2015 Press
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"

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WMIH News: WMIH Corp. Announces Dissolution of WMI Investment Corp. 01/18/2018 11:20:00 AM
WMIH News: WMIH Corp. Announces Effectiveness of Amendment of Series B Preferred Stock Terms 01/05/2018 08:00:00 AM
WMIH News: WMIH Corp. Announces Amendment of Series B Preferred Stock Terms 12/11/2017 08:44:00 AM
WMIH News: WMIH Corp. Announces Receipt of Nasdaq Minimum Bid Price Notification 11/16/2017 04:30:00 PM
WMIH News: WMIH Corp. Announces Redemption Of Senior Second Lien Runoff Note 10/03/2017 08:00:00 AM
#469354  Sticky Note Ok, GO4AW, here you have the best collection muyuan51 12/27/16 08:25:19 AM
#416464  Sticky Note KKR Preferred deal jhdf51 03/09/15 05:29:07 PM
#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#505214   I think that they are delaying as hard SamuraiProgrammer 01/21/18 11:24:36 PM
#505213   Would you mind sharing the language and link johnnykansas 01/21/18 11:15:21 PM
#505212   We aren’t being duped riding the coattails like garyhalvo 01/21/18 10:11:15 PM
#505211   Know what owns you: Upperlippy 01/21/18 07:50:58 PM
#505209   Well Done! Thanks 2020 ;) WAMUSHAMU 01/21/18 07:14:57 PM
#505208   Beneficiaries in my opinion is what escrow is. bond-007 01/21/18 07:12:35 PM
#505207   It is not because I want it to Royal Dude 01/21/18 07:07:12 PM
#505206   The DD here is mind boggling...thank you to jhdf51 01/21/18 06:59:22 PM
#505205   What do these numbers represent? pm1012244448 01/21/18 06:46:08 PM
#505204   Thanks for all the time and effort you hotmeat 01/21/18 06:39:16 PM
#505203   So escrows holders are indirectly "trust investors of austin01 01/21/18 06:17:19 PM
#505202   hotmeat yes it clearly states that but also ItsMyOption 01/21/18 06:04:56 PM
#505201   Educational resources regarding Securitizations of assets within MBS/ABS Trusts Dmdmd2020 01/21/18 06:04:56 PM
#505200   I would have agreed except for the highlighted hotmeat 01/21/18 05:35:19 PM
#505199   I have said the same thing from the follow_me 01/21/18 05:30:09 PM
#505198   If the money is right it will be Royal Dude 01/21/18 05:20:07 PM
#505196   Wooooww! Sounds great. For that I wait...all the years! AllRightWamu 01/21/18 05:10:27 PM
#505195   Yes it does. pm1012244448 01/21/18 04:56:03 PM
#505193   Thank you. I don't see anything to be ReikoBlack 01/21/18 04:41:44 PM
#505192   Ummmm hmmmm.....NEXT !!! dragoon76 01/21/18 04:38:17 PM
#505191   LOOK!! He's giving you things to read over dragoon76 01/21/18 04:37:28 PM
#505189   Its funny how the people give credits to Olti100 01/21/18 04:26:04 PM
#505188   To William Gallagher Bill48 01/21/18 04:22:31 PM
#505186   Ah, too funny...and the love for them grows Large Green 01/21/18 03:59:28 PM
#505185   Yes, LG I agree, and this could go ItsMyOption 01/21/18 03:55:47 PM
#505184   ~ ItsMyOption, I Have Always Believed The Following ~ AZCowboy 01/21/18 03:37:29 PM
#505183   Thank you and I too agree at some Large Green 01/21/18 03:35:34 PM
#505182   That is the question of who has precedence ItsMyOption 01/21/18 03:23:05 PM
#505181   hotmeat, I think that is why this has ItsMyOption 01/21/18 03:10:52 PM
#505180   Correct. WMIIC was a "Guarantor" of the original "Financing ReikoBlack 01/21/18 03:03:44 PM
#505179   Two simple questions.....Just to note: WMIH did not hotmeat 01/21/18 03:02:49 PM
#505178   Thanks AZ for all the DD you have provided. ItsMyOption 01/21/18 03:01:44 PM
#505177   So your saying nothing for escrow holders other wamuvoodoo 01/21/18 03:00:00 PM
#505176   ItsMyOption, respectfully, one question. Former WaMu preferred and Large Green 01/21/18 02:57:37 PM
#505175   ~ ItsMyOption, Thank You For Recognizing The Extensive AZCowboy 01/21/18 02:43:11 PM
#505174   The puzzle pieces form a picture... UncleBo 01/21/18 02:33:53 PM
#505173   Possibly the ‘TRIGGER’ for WMIH move forward was Large Green 01/21/18 02:30:53 PM
#505172   Just not waiting anymore and do not think Royal Dude 01/21/18 02:26:07 PM
#505171   WHen is the DB trusts disbursing? tzebedee 01/21/18 02:23:22 PM
#505170   And there in lies the point of the story... BBANBOB 01/21/18 02:11:06 PM
#505169   Would like to thank both AZCowboy, and mordicai ItsMyOption 01/21/18 01:56:08 PM
#505168   Knows where everything is and where it was put............... BBANBOB 01/21/18 01:18:13 PM
#505167   Why was he put in charge? pm1012244448 01/21/18 01:07:34 PM
#505166   they will drag this tell they cant doczugunda 01/21/18 01:00:16 PM
#505165   IMHO! NO because only those illiquid assets are etzetrade 01/21/18 12:54:06 PM
#505164   MUFA this is the whole point here, one BBANBOB 01/21/18 12:40:26 PM
#505162   AZ, Thank you for a great summary of the StillHoping 01/21/18 12:15:59 PM
#505161   AZ, You left out one thing... stoxjock 01/21/18 12:15:56 PM
#505160   Hotmeat I respect your contribution in all these mufa 01/21/18 11:37:50 AM
#505157   TROUBLE I seriously doubt that and this comment BBANBOB 01/21/18 11:17:01 AM